Nasdaq-100 Breaks Key Resistance, Targets 31,000

Nasdaq-100 has moved above the critical resistance level of 29,750, paving the way for further gains.

• The index surpassed the previous resistance at 29,750.00.
• Analysts anticipate a rise toward the next resistance around 31,000.00.

The recent breakout marks the continuation of an active impulse wave (wave 3) within the larger wave 5 of the sharp intermediate impulse (C) that began at the end of March.

With a clear daily uptrend in place, the Nasdaq-100 is expected to advance toward the 31,000.00 resistance, which serves as the target for completing the current impulse wave (C).

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